Bank of Kuwait has raised the refinancing rate

2022.12.06 11:30

Bank of Kuwait has raised the refinancing rate

Budrigannews.com – The national bank of Kuwait raised its markdown rate by 0.50% from 3% to 3.50% powerful Dec. 7, a national bank proclamation said on Tuesday.

Governor Basel Al-Haroon said in the statement that the decision is in line with the bank’s goal of strengthening a growth-friendly environment, maintaining financial and monetary stability, and keeping the national currency attractive as a wealth store.

Bank of Kuwait has raised the refinancing rate